JA Solar Holdings, Co., Ltd. (NASDAQ:JASO)‘s stock had its “sell” rating reaffirmed by equities researchers at Axiom Securities in a report issued on Thursday, MarketBeat Ratings reports. They currently have a $5.00 price target on the solar energy provider’s stock. Axiom Securities’ target price would indicate a potential downside of 21.63% from the company’s previous close.

JASO has been the topic of a number of other reports. BidaskClub downgraded shares of JA Solar Holdings, Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of JA Solar Holdings, Co. from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Roth Capital set a $7.00 target price on shares of JA Solar Holdings, Co. and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. JA Solar Holdings, Co. presently has an average rating of “Hold” and an average target price of $6.25.

Shares of JA Solar Holdings, Co. (JASO) opened at 6.38 on Thursday. JA Solar Holdings, Co. has a 12 month low of $4.42 and a 12 month high of $7.74.

JA Solar Holdings, Co. (NASDAQ:JASO) last issued its earnings results on Tuesday, August 22nd. The solar energy provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.37. The business had revenue of $878 million for the quarter, compared to the consensus estimate of $602.53 million. JA Solar Holdings, Co. had a net margin of 2.89% and a return on equity of 7.90%. The company’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. Analysts forecast that JA Solar Holdings, Co. will post $0.32 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in JASO. Renaissance Technologies LLC acquired a new position in JA Solar Holdings, Co. during the fourth quarter worth about $896,000. Smith Asset Management Group LP increased its position in JA Solar Holdings, Co. by 87.3% in the first quarter. Smith Asset Management Group LP now owns 42,410 shares of the solar energy provider’s stock worth $277,000 after buying an additional 19,770 shares in the last quarter. Teza Capital Management LLC acquired a new position in JA Solar Holdings, Co. during the first quarter worth about $122,000. Parametric Portfolio Associates LLC acquired a new position in JA Solar Holdings, Co. during the first quarter worth about $622,000. Finally, Airain ltd acquired a new position in JA Solar Holdings, Co. during the first quarter worth about $307,000. Hedge funds and other institutional investors own 25.97% of the company’s stock.

About JA Solar Holdings, Co.

JA Solar Holdings Co, Ltd. is a holding company. The Company designs, develops, manufactures and sells solar power products that convert sunlight into electricity for a range of uses. The Company is engaged in manufacturing and selling solar modules, as well as silicon wafer manufacturing. The Company operates through two segments, including manufacturing and solar projects.

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